RAND vs. CION
RAND (Rand Capital Corporation) and CION (CION Investment Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, RAND returned 9.31%/yr vs 3.04%/yr for CION. At a 0.08 correlation, their price movements are largely independent.
Performance
RAND vs. CION - Performance Comparison
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Returns By Period
In the year-to-date period, RAND achieves a -0.81% return, which is significantly higher than CION's -23.59% return.
RAND
- 1D
- 0.25%
- 1M
- -0.75%
- YTD
- -0.81%
- 6M
- -15.50%
- 1Y
- -20.14%
- 3Y*
- 9.31%
- 5Y*
- 0.68%
- 10Y*
- 2.07%
CION
- 1D
- 1.47%
- 1M
- -11.99%
- YTD
- -23.59%
- 6M
- -23.75%
- 1Y
- -13.30%
- 3Y*
- 3.04%
- 5Y*
- —
- 10Y*
- —
RAND vs. CION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RAND Rand Capital Corporation | -0.81% | -34.86% | 91.43% | 7.45% | -17.05% | 9.35% |
CION CION Investment Corporation | -23.59% | -2.26% | 14.82% | 35.42% | -14.80% | 14.07% |
Correlation
The correlation between RAND and CION is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2021 | 0.08 |
Fundamentals
RAND:
$31.86M
CION:
$351.56M
RAND:
-$2.81
CION:
$0.67
RAND:
0.63
CION:
29.91
RAND:
-$3.23M
CION:
$217.31M
RAND:
-$4.74M
CION:
$189.35M
RAND:
-$6.47M
CION:
$112.53M
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Return for Risk
RAND vs. CION — Risk / Return Rank
RAND
CION
RAND vs. CION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rand Capital Corporation (RAND) and CION Investment Corporation (CION). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| RAND | CION | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.45 | -0.50 | +0.05 |
Sortino ratioReturn per unit of downside risk | -0.37 | -0.53 | +0.16 |
Omega ratioGain probability vs. loss probability | 0.95 | 0.93 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.45 | -0.16 |
Martin ratioReturn relative to average drawdown | -0.91 | -0.99 | +0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RAND | CION | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | -0.50 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.09 | -0.10 |
Drawdowns
RAND vs. CION - Drawdown Comparison
The maximum RAND drawdown since its inception was -89.66%, which is greater than CION's maximum drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for RAND and CION.
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Drawdown Indicators
| RAND | CION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.66% | -45.39% | -44.27% |
Max Drawdown (1Y)Largest decline over 1 year | -42.76% | -33.39% | -9.37% |
Max Drawdown (3Y)Largest decline over 3 years | -60.11% | -37.62% | -22.49% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | — | — |
Current DrawdownCurrent decline from peak | -56.36% | -32.16% | -24.20% |
Average DrawdownAverage peak-to-trough decline | -67.71% | -14.97% | -52.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.21% | 14.97% | +13.24% |
Volatility
RAND vs. CION - Volatility Comparison
Rand Capital Corporation (RAND) has a higher volatility of 13.25% compared to CION Investment Corporation (CION) at 9.59%. This indicates that RAND's price experiences larger fluctuations and is considered to be riskier than CION based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAND | CION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.25% | 9.59% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 37.34% | 22.23% | +15.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.98% | 26.64% | +18.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.48% | 29.37% | +13.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.62% | 29.37% | +17.25% |
Dividends
RAND vs. CION - Dividend Comparison
RAND's dividend yield for the trailing twelve months is around 16.03%, less than CION's 17.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CION CION Investment Corporation | 17.63% | 14.89% | 13.33% | 14.24% | 14.87% | 3.52% | 0.00% |
RAND Rand Capital Corporation | 16.03% | 15.15% | 26.13% | 10.24% | 6.23% | 2.59% | 90.40% |
Financials
RAND vs. CION - Financials Comparison
This section allows you to compare key financial metrics between Rand Capital Corporation and CION Investment Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
RAND vs. CION - Profitability Comparison
RAND - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rand Capital Corporation reported a gross profit of 0.00 and revenue of 1.24M. Therefore, the gross margin over that period was 0.0%.
CION - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CION Investment Corporation reported a gross profit of 0.00 and revenue of 49.54M. Therefore, the gross margin over that period was 0.0%.
RAND - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rand Capital Corporation reported an operating income of 0.00 and revenue of 1.24M, resulting in an operating margin of 0.0%.
CION - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CION Investment Corporation reported an operating income of 0.00 and revenue of 49.54M, resulting in an operating margin of 0.0%.
RAND - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rand Capital Corporation reported a net income of 545.03K and revenue of 1.24M, resulting in a net margin of 44.0%.
CION - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CION Investment Corporation reported a net income of 12.86M and revenue of 49.54M, resulting in a net margin of 26.0%.
Frequently Asked Questions
RAND and CION have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAND has higher volatility (13.25%) compared to CION (9.59%). In terms of maximum drawdown, RAND dropped -89.66% vs CION's -45.39%.
RAND currently has the higher Sharpe Ratio (-0.45 vs -0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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